Can China's payment systems be a benefit, not a problem?

Lots to consider for Australian hospitality operators who are considering Alipay and WeChat Pay, the pervasive tap-and-pay systems being used by Chinese consumers. Not available here yet, but coming soon?

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Alipay and WeChat Pay have become seamlessly integrated into people’s lives: users can hail a cab, shop online, and even give money to beggars on the street via their smartphones. Grame Barty, ex-Austrade Executive Director for International Operations, described this as a “financial technology tsunami” facing the Australian Government, business and regulation leaders.